If you are in a very high-earning job, and will never again earn anywhere close to this much money, how long do you stay? Assume that you no longer enjoy your job but do not detest it, and that you already are FI. All thoughts welcome! Thanks.
Let's see....
For $1.2 mill a year... yes, I would stay on....
It would get me a lot more freedom in the future... and would allow me to do some things that less money would not allow...
But there are some caveats... it would not affect my health, I am not already 'old' where it is really taking away some of my final years, and my net worth was already not so hight that the extra was 'pocket change'....
What's a little longer? 6 months? A year? What if your DH wanted to move cross-country? Do you live separately for a while? Or just go with him and accept the fact that you are foregoing a lot of money?
I think there's a totally different question about why your DH wants to move across country, and apparently would even without you. It seems to me that the question is on him first, before it's on you to choose between the relationship and money.What's a little longer? 6 months? A year? What if your DH wanted to move cross-country? Do you live separately for a while? Or just go with him and accept the fact that you are foregoing a lot of money?
A 4% safe-withdrawal rate will provide $180K yearly expenses. Is that enough?... We have approx $4.5 million saved so far.
OK, but before when you mentioned it you only listed the options to either live separately, or give up this income. You didn't say that one of the options was for your DH to stay with you even though he wants to live elsewhere. Hence, my comment.Running bum, he does not want to go without me. He wants me to move with him, which is something we have talked about for a while. I am the one getting cold feet, because of what I would be giving up in income.
The only thing keeping me here is the money.